Friday, April 29, 2011

USD/CHF Daily Outlook

USD/CHF's consolidation from 0.8670 is still in progress and intraday bias remains neutral. Even in case of another recovery, upside should be limited by 0.8895 support turned resistance and bring fall resumption. Break of 0.8670 will target 100% projection of 0.9774 to 0.8921 from 0.9339 at 0.8486.

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